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Filing Details

Accession Number:: 0001127602-16-045983
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-03-10 18:09:17
Reporting Period:: 2016-03-10

Filing Date:: 2016-03-10
Accepted Time:: 2016-03-10 18:09:17
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
91440	Snap-On Inc	SNA	Cutlery, Handtools & General Hardware (3420)	390622040

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1246136	T Nicholas Pinchuk	Snap-On Incorporated 2801 80Th Street Kenosha WI 53143	Chairman, President And Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2016-03-10	40,000	$50.22	335,364	No	4	M	Direct
Common Stock	Disposition	2016-03-10	25,559	$150.13	309,805	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option (Right to Buy)	Disposition	2016-03-10	40,000	$0.00	40,000	$50.22

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2010-02-15	2017-02-15	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	692	Indirect	By 401(k) Plan

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Stock Option (Right to Buy)	$51.75	2011-02-13	2018-02-13	99,000	99,000	Direct
Common Stock	Stock Option (Right to Buy)	$29.69	2012-02-11	2019-02-11	120,000	120,000	Direct
Common Stock	Stock Option (Right to Buy)	$41.01	2013-02-10	2020-02-10	120,000	120,000	Direct
Common Stock	Stock Option (Right to Buy)	$58.94	2014-02-09	2021-02-09	125,000	125,000	Direct
Common Stock	Stock Option (Right to Buy)	$60.00	2015-02-08	2022-02-08	125,000	125,000	Direct
Common Stock	Stock Option (Right to Buy)	$79.04	2016-02-13	2023-02-13	130,000	130,000	Direct
Common Stock	Stock Option (Right to Buy)	$109.43	2015-02-13	2024-02-13	130,000	130,000	Direct
Common Stock	Stock Option (Right to Buy)	$144.69	2016-02-12	2025-02-12	130,000	130,000	Direct
Common Stock	Stock Option (Right to Buy)	$138.03	2017-02-11	2026-02-11	135,000	135,000	Direct
Common Stock	Restricted Stock Units	$0.00			20,821	20,821	Direct
Common Stock	Restricted Stock Units	$0.00			17,417	17,417	Direct
Common Stock	Restricted Stock Units	$0.00			10,199	10,199	Direct
Common Stock	Performance Units	$0.00			15,620	15,620	Direct
Common Stock	Performance Units	$0.00			12,658	12,658	Direct
Common Stock	Performance Units	$0.00			10,199	10,199	Direct
Common Stock	Deferred Stock Units	$0.00			20,713	20,713	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2018-02-13	99,000	99,000	Direct
2019-02-11	120,000	120,000	Direct
2020-02-10	120,000	120,000	Direct
2021-02-09	125,000	125,000	Direct
2022-02-08	125,000	125,000	Direct
2023-02-13	130,000	130,000	Direct
2024-02-13	130,000	130,000	Direct
2025-02-12	130,000	130,000	Direct
2026-02-11	135,000	135,000	Direct
	20,821	20,821	Direct
	17,417	17,417	Direct
	10,199	10,199	Direct
	15,620	15,620	Direct
	12,658	12,658	Direct
	10,199	10,199	Direct
	20,713	20,713	Direct

Footnotes

This transaction was executed in multiple trades at prices ranging from $150.00 to $150.24. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effectuated.
Exercise of Rule 16b-3 stock option.
Original option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
1 for 1.
The restricted stock units were earned based on Company performance during fiscal 2014. Assuming continued employment through the end of fiscal 2016, the units will then vest in one installment and the shares will be issued shortly thereafter.
The restricted stock units were earned based on Company performance during fiscal 2015. Assuming continued employment through the end of fiscal 2017, the units will then vest in one installment and the shares will be issued shortly thereafter.
The restricted stock units may be earned based on the achievement of certain Company goals during fiscal 2016. Assuming continued employment through the end of fiscal 2018, any units earned will then vest in one installment and the shares will be issued shortly thereafter. The target number of units that may be earned is reported above; the maximum amount is 200% of the number reported, subject to plan limits.
If the Company achieves certain goals over the 2014-2016 period, the performance units will vest and stock will be awarded. The target number of units that may be earned is reported above; the maximum amount is 200% of the number reported, subject to plan limits.
If the Company achieves certain goals over the 2015-2017 period, the performance units will vest and stock will be awarded. The target number of units that may be earned is reported above; the maximum amount is 200% of the number reported, subject to plan limits.
If the Company achieves certain goals over the 2016-2018 period, the performance units will vest and stock will be awarded. The target number of units that may be earned is reported above; the maximum amount is 200% of the number reported, subject to plan limits.
Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.